Introduction. For many Americans the dream of owning a second home or investment property is just that, a dream. Dramatic increases in property values paired with recent interest rate hikes have made it more difficult than ever to make that dream a reality. These factors have caused not only families, but also investors, to find … Continue Reading
In Colorado, a real estate investor can purchase a lien on delinquent real estate taxes. Upon the satisfaction of certain conditions, the investor can apply for a treasurer’s deed to take title to the subject property. A prior article explains title companies generally will not insure title based on a treasurer’s deed, but that a … Continue Reading
Side agreements for personal property can be fraudulent. Learn how to avoid fraudulent side agreements for personal property.
Builders are currently reporting a shortage in adequate labor to help build new homes for their customers. There are also reported delays in getting some materials. The Superior, Louisville and Marshall areas are also starting to rebuild homes burned down by the Marshall fire putting another strain on the current new build market. Some construction … Continue Reading
Loan Due On Transfer The current conventional wisdom is that so long a lender is receiving payments, the lender will not call a loan in default just because the borrower conveyed title, without paying off the debt, in violation of “due-on-transfer” clauses in the mortgage. That conventional wisdom is based, however, on experiences born out … Continue Reading
Sellers Don’t Give Up Your Clout Too Soon In tight inventory markets, sellers sometimes want to kick a buyer out of the deal because, for example, the buyer’s proof of funds or loan commitment disappoints. But once a buyer has a contract, the buyer has the upper hand. The seller will have a challenge kicking … Continue Reading
Learn how the buyer is exposed to claims that the buyer has breached the contract if the buyer applies for a lower LTV loan that the one reflected in the §4 chart in the contract.
I am a real estate investor and I acquired a treasurer’s deed to a property because the former owner didn’t pay the property taxes. Do I need a quiet title action to sell this property?
Purchasing Property Anonymously Webcast 5/1/19: Buying a Property Anonymously. It’s not unusual for Commercial Buyers to want to purchase anonymously, and it’s not uncommon in Residential transactions either! We explore the motives behind incognito purchases, options for accomplishing them, and look at how they affect the transaction.
FIRPTA: Foreign Investment in Real Property Tax Act The federal Foreign Investment in Real Property Tax Act (“FIRPTA”) generally obligates any person who buys U.S. real estate from a foreign person to escrow 15% of the purchase price from the seller to motivate the foreign seller to file a U.S. tax return. A buyer who … Continue Reading